BillM223
Expert Alumni

Retirement tax questions

First, you have to be at least 70 1/2 years of age, If you are not, then you will never seen the questions about QCDs.

 

Next, the 1099-R has to be from an IRA (not a 401(k) plan).

 

After the 1099-R form is entered, you may see questions about the origin of the IRA vis-a-vis a state.

 

Next, did you inherit the IRA?

 

Next, if you are 72 1/2, you will see after you enter the 1099-R a question about your RMD.

 

Next, whether or nor you see the RMD question, if you are 70 1/2 you will see the QCD question.

 

The most common issue is that you are not old enough, so TurboTax does not even show you the questions.

 

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